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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and PATHWARD FINANCIAL, INC. (CASH). Click either name above to swap in a different company.
B&G Foods, Inc. is the larger business by last-quarter revenue ($439.3M vs $276.3M, roughly 1.6× PATHWARD FINANCIAL, INC.). PATHWARD FINANCIAL, INC. runs the higher net margin — 26.4% vs -4.4%, a 30.7% gap on every dollar of revenue. Over the past eight quarters, PATHWARD FINANCIAL, INC.'s revenue compounded faster (21.0% CAGR vs -12.8%).
B&G Foods, Inc. is an American branded foods holding company based in Parsippany, New Jersey. The company was formed in 1996 to acquire Bloch & Guggenheimer, a Manhattan-based producer of pickles, relish and condiments which had been founded in 1889.
Pathward Financial, Inc. is a U.S.-based banking and financial services company. It adopted its current name in 2022 after its parent, Meta Financial Group, sold the "Meta" trademark to Meta Platforms.
BGS vs CASH — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $276.3M |
| Net Profit | $-19.1M | $72.9M |
| Gross Margin | 22.5% | — |
| Operating Margin | 2.5% | — |
| Net Margin | -4.4% | 26.4% |
| Revenue YoY | -4.7% | — |
| Net Profit YoY | -356.5% | — |
| EPS (diluted) | $-0.24 | $3.35 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $276.3M | ||
| Q4 25 | — | $173.1M | ||
| Q3 25 | $439.3M | $186.7M | ||
| Q2 25 | $424.4M | $195.8M | ||
| Q1 25 | $425.4M | $274.8M | ||
| Q4 24 | $551.6M | $182.6M | ||
| Q3 24 | $461.1M | $179.5M | ||
| Q2 24 | $444.6M | $188.6M |
| Q1 26 | — | $72.9M | ||
| Q4 25 | — | $35.2M | ||
| Q3 25 | $-19.1M | $38.8M | ||
| Q2 25 | $-9.8M | $42.1M | ||
| Q1 25 | $835.0K | $75.0M | ||
| Q4 24 | $-222.4M | $30.0M | ||
| Q3 24 | $7.5M | $33.5M | ||
| Q2 24 | $3.9M | $44.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 22.5% | — | ||
| Q2 25 | 20.5% | — | ||
| Q1 25 | 21.2% | — | ||
| Q4 24 | 21.5% | — | ||
| Q3 24 | 22.2% | — | ||
| Q2 24 | 20.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 24.6% | ||
| Q3 25 | 2.5% | 25.9% | ||
| Q2 25 | 5.2% | 24.1% | ||
| Q1 25 | 8.4% | 33.2% | ||
| Q4 24 | -46.6% | 19.8% | ||
| Q3 24 | 11.1% | 20.9% | ||
| Q2 24 | 9.9% | 27.1% |
| Q1 26 | — | 26.4% | ||
| Q4 25 | — | 20.3% | ||
| Q3 25 | -4.4% | 20.8% | ||
| Q2 25 | -2.3% | 21.5% | ||
| Q1 25 | 0.2% | 27.3% | ||
| Q4 24 | -40.3% | 16.4% | ||
| Q3 24 | 1.6% | 18.7% | ||
| Q2 24 | 0.9% | 23.8% |
| Q1 26 | — | $3.35 | ||
| Q4 25 | — | $1.57 | ||
| Q3 25 | $-0.24 | $1.69 | ||
| Q2 25 | $-0.12 | $1.81 | ||
| Q1 25 | $0.01 | $3.14 | ||
| Q4 24 | $-2.81 | $1.23 | ||
| Q3 24 | $0.09 | $1.34 | ||
| Q2 24 | $0.05 | $1.78 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $60.9M | $157.6M |
| Total DebtLower is stronger | $2.0B | $59.5M |
| Stockholders' EquityBook value | $470.7M | $850.7M |
| Total Assets | $2.9B | $7.1B |
| Debt / EquityLower = less leverage | 4.30× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $157.6M | ||
| Q4 25 | — | $331.2M | ||
| Q3 25 | $60.9M | $120.6M | ||
| Q2 25 | $54.1M | $258.3M | ||
| Q1 25 | $61.2M | $254.2M | ||
| Q4 24 | $50.6M | $597.4M | ||
| Q3 24 | $54.7M | $158.3M | ||
| Q2 24 | $40.3M | $298.9M |
| Q1 26 | — | $59.5M | ||
| Q4 25 | — | $33.5M | ||
| Q3 25 | $2.0B | $33.5M | ||
| Q2 25 | $2.0B | $33.4M | ||
| Q1 25 | $2.0B | $33.4M | ||
| Q4 24 | $2.0B | $33.4M | ||
| Q3 24 | $2.1B | $33.4M | ||
| Q2 24 | $2.0B | $33.3M |
| Q1 26 | — | $850.7M | ||
| Q4 25 | — | $854.5M | ||
| Q3 25 | $470.7M | $858.0M | ||
| Q2 25 | $501.4M | $819.0M | ||
| Q1 25 | $513.1M | $814.7M | ||
| Q4 24 | $524.8M | $758.3M | ||
| Q3 24 | $755.3M | $822.5M | ||
| Q2 24 | $765.0M | $748.4M |
| Q1 26 | — | $7.1B | ||
| Q4 25 | — | $7.6B | ||
| Q3 25 | $2.9B | $7.2B | ||
| Q2 25 | $2.9B | $7.2B | ||
| Q1 25 | $3.0B | $7.0B | ||
| Q4 24 | $3.0B | $7.6B | ||
| Q3 24 | $3.4B | $7.5B | ||
| Q2 24 | $3.4B | $7.5B |
| Q1 26 | — | 0.07× | ||
| Q4 25 | — | 0.04× | ||
| Q3 25 | 4.30× | 0.04× | ||
| Q2 25 | 3.97× | 0.04× | ||
| Q1 25 | 3.91× | 0.04× | ||
| Q4 24 | 3.85× | 0.04× | ||
| Q3 24 | 2.75× | 0.04× | ||
| Q2 24 | 2.67× | 0.04× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-64.6M | — |
| Free Cash FlowOCF − Capex | $-70.7M | — |
| FCF MarginFCF / Revenue | -16.1% | — |
| Capex IntensityCapex / Revenue | 1.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $54.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $108.3M | ||
| Q3 25 | $-64.6M | $303.7M | ||
| Q2 25 | $17.8M | $30.4M | ||
| Q1 25 | $52.7M | $188.3M | ||
| Q4 24 | $80.3M | $-71.7M | ||
| Q3 24 | $4.2M | $143.1M | ||
| Q2 24 | $11.3M | $113.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $104.1M | ||
| Q3 25 | $-70.7M | $300.3M | ||
| Q2 25 | $11.5M | $27.7M | ||
| Q1 25 | $42.4M | $184.7M | ||
| Q4 24 | $71.7M | $-73.8M | ||
| Q3 24 | $-679.0K | $138.8M | ||
| Q2 24 | $5.2M | $111.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 60.1% | ||
| Q3 25 | -16.1% | 160.9% | ||
| Q2 25 | 2.7% | 14.1% | ||
| Q1 25 | 10.0% | 67.2% | ||
| Q4 24 | 13.0% | -40.4% | ||
| Q3 24 | -0.1% | 77.3% | ||
| Q2 24 | 1.2% | 58.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.4% | ||
| Q3 25 | 1.4% | 1.8% | ||
| Q2 25 | 1.5% | 1.4% | ||
| Q1 25 | 2.4% | 1.3% | ||
| Q4 24 | 1.6% | 1.1% | ||
| Q3 24 | 1.0% | 2.4% | ||
| Q2 24 | 1.4% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.08× | ||
| Q3 25 | — | 7.83× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | 63.17× | 2.51× | ||
| Q4 24 | — | -2.39× | ||
| Q3 24 | 0.56× | 4.27× | ||
| Q2 24 | 2.87× | 2.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BGS
| Specialty Segment | $150.5M | 34% |
| Meals Segment | $110.0M | 25% |
| Spices And Flavor Solutions Segment | $101.4M | 23% |
| Frozen And Vegetables Segment | $77.4M | 18% |
CASH
| Noninterest Income | $151.2M | 55% |
| Net Interest Income | $125.1M | 45% |
